Public Company Business Services

EXL

New York, New York, United States

EXL is a digital partner delivering analytics, digital and operations services, and transformation across industries including insurance, healthcare, banking and others.

Focus Areas
Data & Analytics, AI & Automation, BPO / Operations Services
Website
exlservice.com

Tracked deals

5

5 tracked deals across 2016-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

5 buyout

EXL Acquisition Volume by Year

Last 4 years

Acquisition volume by year Annual acquisition counts for the last 4 years for EXL. 1 2017 1 2018 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • June 24, 2026
    Buyer
    ExlService Holdings, Inc. (EXL)
    Target
    iMerit
    Type
    Buyout

    EXL (EXLS) announced a definitive agreement to acquire iMerit, an AI model training, evaluation, and reinforcement learning specialist, in a deal valued at up to $310 million. The acquisition is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals. EXL plans to integrate iMerit’s Ango platform and Scholars network into its enterprise AI stack to help clients move from AI experimentation to production with more reliable, domain-specific models.

  • August 1, 2024
    Buyer
    EXL
    Target
    ITI Data
    Industry
    Data & Analytics
    Type
    Buyout

    EXL (Nasdaq: EXLS) has acquired ITI Data, a New York–headquartered data management solutions firm that serves large banks, financial services and healthcare clients. The acquisition adds specialized data management, governance and engineering capabilities and expands EXL's data and AI-led offerings across the U.S., Europe and Australia.

  • Buyer
    EXLService Holdings, Inc. (EXL)
    Target
    SCIO Health Analytics (SCIOInspire Holdings, Inc.)
    Seller
    Sequoia India, Health Enterprise Partners, Saama Capital
    Industry
    Data & Analytics
    Type
    Buyout

    EXLService Holdings, Inc. (EXL) completed the acquisition of SCIO Health Analytics (SCIOInspire) to deepen its healthcare analytics and payment-integrity capabilities. The deal brings SCIO’s analytics team and delivery center (including a large operations presence in Chennai) into EXL’s health analytics business and expands EXL’s footprint across payers, providers and life sciences.

  • Buyer
    ExlService Holdings, Inc. (EXL)
    Target
    Health Integrated, Inc.
    Type
    Buyout

    ExlService Holdings, Inc. (EXL) acquired Tampa-based care management firm Health Integrated, Inc. in a transaction announced October 2017. The deal expands EXL's healthcare operations and analytics capabilities by adding Health Integrated's technology- and analytics-enabled care management, utilization and disease management services (which serve Medicaid, Medicare and dual-eligible populations).

  • Buyer
    EXL Incorporated
    Target
    Datasource Consulting, LLC
    Industry
    Data & Analytics
    Type
    Buyout

    EXL (NASDAQ:EXLS) has acquired Datasource Consulting, LLC, a Denver-based enterprise data management and business intelligence firm. The acquisition expands EXL's data strategy, data architecture and BI capabilities, enabling broader end-to-end enterprise data management and ongoing data services.

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